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The BSE Sensex surged by 1,400 points to close at 84,544.31, while Nifty rose over 1% to 25,790.95. This rally is driven by increased foreign capital inflows following the Fed's interest rate cut.
The Reserve Bank of India (RBI) bought a net of US$6.93 billion in the spot foreign exchange market in July, data released on Friday (Sep 20) as part of the central bank’s monthly bulletin showed.